The daily chart shows currently in the S & P500 a nice triangle (blue lines). Despite large downward momentum in recent days and weeks were the important support yet to be broken. For me it is now possible that the first markets to correct upwards again before then after a further sharp slide down will use. An indicator, which, however, speaks at an additional start-up round is the put-call ratio. This shows the mood in the markets if more calls or more puts were bought. Be purchased more calls, this is to be considered bearish. When more puts bought, it should soon be looking up. This (double) indicator still showed yesterday a value of 0.61, which is the optimistic mood for months. Even now, the PCR is still at 0.77. It could be concluded that the next wave down is inevitable.
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